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Pan Ocean and Korea Line Win $123.6m POSCO Shipping Contracts
Original: Pan Ocean, Korea Line Win $123.6m POSCO Flow Contracts - News and Statistics
South Korean shipping companies Pan Ocean and Korea Line have won contracts worth a combined $123.6 million from steelmaker POSCO. The deals relate to POSCO's flow, or long-term freight, contracts covering the transport of raw materials. The agreements reinforce POSCO's practice of securing dedicated shipping capacity with Korean carriers for its steel logistics.
Why now: Major new freight contracts from POSCO are significant business for Korea's shipping industry.
Evidence
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